Is Social Security Going Broke?
America's reliance on Social Security has likely never been higher. According to national pollster Gallup, 89% of current retired workers rely on their monthly benefit to help make ends meet. Meanwhile, an all-time high 88% of nonretirees anticipate needing their Social Security income to meet expenses during retirement.
For more than 80 years, the Social Security program has paid benefits, without fail. But there's growing concern that this financial rock of a program won't be there when millennials and Generation Z hang up their work coats decades down the line.
It begs the question: Is Social Security going broke?
Source Fool.com
